I don't draw distinctions between negative expected value table games and positive expected value financial games, and by that standard Mortgages and insurance

I don't draw distinctions between negative expected value table games and positive expected value financial games, and by that standard Mortgages and insurance is gambling and there is nothing wrong with that. My point is that the nomenclature isn't useful because its not different than other asset classes, but absolutely is used as an indictment against this asset class and market. Whether you and I are personally pragmatic about it as a personal choice or not.